Thursday, December 25, 2008

In Hard Times, Houses Of God Turn To Chapter 11 In Book Of Bankruptcy

EASTON, Md. -- During this holiday season of hard times, not even houses of God have been spared. Some lenders believe more churches than ever have fallen behind on loans or defaulted this year. Some churches, and at least one company that specialized in church lending, have filed for bankruptcy. Church giving is down as much as 15% in some places, pastors and lenders report.

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